# Luminar Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/luminar-technologies

- Industry: Software
- Headquarters: Orlando, US
- Website: www.luminartech.com
- Total disclosed funding: $36M
- Latest round: Seed (Apr 14, 2017)
- Investors on record: 4

## About

Luminar Technologies focuses on developing advanced LiDAR technology for the automotive industry, enhancing vehicle safety and supporting autonomous driving capabilities through innovative sensor solutions.Luminar Technologies, Inc. was founded in 2012 and is headquartered in Orlando, US. The company specializes in LiDAR technology, which plays a critical role in vehicle safety and automation. Austin Russell and Jason Eichenholz founded the company, with Russell serving as CEO. Luminar has successfully raised USD 100.00 mn in funding, including a recent round of USD 100.00 mn led by various investors such as 1517 Fund and Volvo Group Venture Capital. The company has completed six investment rounds to date.Luminar Technologies specializes in advanced LiDAR technology, integrated as standard equipment in vehicles like the Volvo EX90 and ES90, aimed at significantly reducing accident rates. The product portfolio includes the Sentinel Evaluation Kit, aiding automakers in testing hardware and software, and the Luminar Halo, designed for high-volume production vehicles. The company collaborates with over 50 automotive OEMs globally, expanding its technology to sectors such as trucking, security, and smart city solutions.Luminar's revenue primarily derives from partnerships with automotive manufacturers who integrate its LiDAR technology into their vehicles. These collaborations often involve long-term agreements for purchasing products, including the Sentinel Evaluation Kit and Luminar Halo, which enhance vehicle safety features and can potentially lower insurance costs for consumers.Luminar Technologies plans to further develop its LiDAR products and expand its market presence. The company is launching new products designed for enhanced vehicle safety and is targeting expansion into additional markets in North America, Europe, and Asia by 2025. The recent funding of USD 100.00 mn will support these initiatives, allowing Luminar to bolster its research and development efforts and extend its reach into emerging sectors.

## Funding rounds

- Seed, Apr 14, 2017, $36M — 1517 Fund, Canvas Prime, GVA Capital, ARCHina Capital Partners

## Investors

- 1517 Fund (https://capitalatlas.ai/funds/1517-fund) — Seed
- Canvas Prime (https://capitalatlas.ai/funds/canvas-prime) — Seed
- GVA Capital (https://capitalatlas.ai/funds/gva-capital) — Seed
- ARCHina Capital Partners (https://capitalatlas.ai/funds/archina-capital-partners) — Seed